JSPL Signs MoU with Greenko for Renewable Energy for Angul Plant

Jindal Steel & Power has signed a MoU with Greenko Group to facilitate 1000 MW of Carbon-free energy for its steel-making operations at Angul in Odisha. India's leading energy transition company, Greenko will assist JSPL in the design of the comprehensive energy solution including the design & development of the associated RE capacity, identification of potential strategic investors for the RE capacity and making available energy storage capacity. The proposed 1000 MW carbon-free energy is targeted to meet the existing and incremental power demand of JSP’s Angul facility. This is amongst the largest commitment by any Indian Industrial Group, particularly steel producers in India, to use clean energy in core industrial processes. Once completed, it will ensure the reduction of approximately 7 million tonnes of C02 annually. As part of the proposed transaction, Greenko Group shall offer energy storage capacity from its Off Stream Closed Loop Pumped Storage Project under development in Madhya Pradesh and Rajasthan.

JSPL Signs MoU with Greenko for Renewable Energy for Angul Plant

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